APPLICABLE FEDERAL RATES - JULY 2007

July 2007 Applicable Federal Rates Summary:

-Short Term AFR - Semi-annual Compounding - 4.91% (4.78%/June -- 4.79%/May -- 4.84%/April)

-Mid Term AFR - Semi-annual Compounding - 4.89% (4.59%/June -- 4.57%/May -- 4.56%/April)

-Long Term AFR - Semi-annual Compounding - 5.09% (4.85%/June -- 4.84%/May -- 4.75%/April)

DIRECTION OF RATES: Up